Technology Center

Nam Tai Property Inc. has finalized a six-year master lease agreement for its Technology Center dormitories in Shenzhen with state-owned Shenzhen Anju Leyu Development & Construction Co. Ltd. This partnership is expected to significantly de-risk the project, accelerate revenue, and ensure high occupancy due to strong demand for subsidized housing. The deal is projected to generate approximately RMB 18 million annually in stable rental income, with a government subsidy covering 70% of rental costs.